Chicago, IL – December 7, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Staff One, Inc. (Staff One HR or the Company) to Oasis Outsourcing, Inc. (Oasis Outsourcing), the nation’s largest privately held professional employer organization (PEO) and a portfolio company of Stone Point Capital and Kelso & Company. BGL’s Business Services team served as the exclusive financial advisor to Staff One HR. Terms of the transaction were not disclosed.
Cliff Sladnick, head of BGL’s Business Services practice, led the engagement with Staff One HR. Sladnick’s experience in the PEO industry spans over a decade, having previously served as an executive officer at Gevity HR, then the largest PEO in the country. Commenting on the transaction, Sladnick said, “BGL ran a full and vibrant process involving multiple interested parties with Oasis Outsourcing ultimately delivering the best price and terms. Having had long-term relationships with both Staff One HR and Oasis Outsourcing, it was clear that this was an ideal opportunity for both parties. The success of this engagement demonstrates the extent of BGL’s expertise and network within the PEO industry.”
Staff One HR is an HR managed services company providing PEO, ASO and recruiting services. Based in Dallas, Texas with clients in 44 states, Staff One HR ranked on the 2015, 2016 and 2017 Inc. 5000, and has been in business since 1988. With an ESAC accredited PEO service offering, Staff One provides HR consulting and compliance, employee benefits, workers’ compensation / safety, and payroll / tax administration for its clients. As a result of its services, Staff One HR’s clients typically realize: reduction in employee turnover; elimination of employer liability; and achievement of key business milestones.
“The BGL Business Services team ran an outstanding process which resulted in an excellent outcome for both Staff One HR and its investor group. We enjoyed working with the entire BGL team throughout the process, and Cliff Sladnick provided the Company and the Board of Directors with sage advice,” said Mark Sinatra, Chief Executive Officer of Staff One HR.
“BGL has shown us a number of quality PEO prospects over the past few years, two of which (Fortune Industries and Staff One) we have been pleased to consummate,” said Mark Perlberg, President and Chief Executive Officer of Oasis Outsourcing.